23 years old with 140k canadian dollars saved up after two years of extreme tradie waging. What the fuck do I do now...

I would kill to be in your position you snownigger if you get 650k and invest it in a high paying dividend stock like McDonalds you could retire in Thailand and never work again you're so close to making it if you're not a retard about it

the idea with the thailand thing was to live cheaply while studying my ass off on digital marketing or c.s or cybersec

If you can save that much in two years, do it til you're 35 and never work again. How is this even a question?

Better to reign in hell than serve in heaven

Look, I'm looking for a career that I can take overseas and can do well into my 50s. I'm not scared of work, I'm afraid of working crazy ass hours in construction for the majority of my 20s.

Come to Romania, fren. It's cheap and comfy as fuck here, beautiful people and beautiful country. You have enough money to live here for a long time without worrying about money, in the meantime and you can learn to make money online through coding/trading or whatever. Super fast internet. Get yourself a qt orthodox waifu while you're here.

noted.

>Canadian dollars

What are those like pesos

you need some structured approach to CS that only a Bachelor program can provide you. Look out for a REMOTE UNIVERSITY where they send you the material and you take exams online (yeah its cheat proof by now, don't start the discussion). These distance learning degrees are usually way cheaper than on-campus degrees plus you don't have to deal with all the immature scum you're put in together normally but can study on your own pace & level. really hot tip OP, i did this for electrical engineering and it was WAY better then any on-campus exp i had.

buy a rental property and keep stuffing money into a stock account.

the jewish stool of wealth has three legs.

it's more like monopoly money

Don't go to uni if you're retarded. If you enroll and drop out, you just blew 40k.

so many things can go wrong with this plan..

>i did this for electrical engineering
what uni fren?

noted

No offense, but, I don't plan on owning property for a while. I also don't want my money to just be idle in stocks.

dont listen to this shit shilled on biz here OP. i'm an experienced old fag. Do a proper CS/Engineering Bachelors as i recommend in a distance Uni. You can stretch this over years and work on the side. A degree completed is always something you can fall back to when you're getting older and it opens a shitload of doors that are otherwise closed. just alone for THAT - to get into interesting jobs- is worth it. Flipping shitcoins and hustling just to survive is long term a "regret and despise yourself" strategy.

should have put a low bid on kraken

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AKAD University ; its German

What kind of trade were you in? Stem is cool but a lot of comsci related stuff is getting pretty saturated, might be a good idea to try and get some upward mobility i.e management

may I ask what country you are from? Also, what are tuition costs for these long distance unis, and what allows their students to be on par with N.A grads?E.g U of Waterloo C.S grad with a couple of internships is basically a hot cake.

I was a called a drywall helper but I was working with these guys who did consulting for pretty much everything. Plumbing, bit of welding, bit of electrical, framing, etc. But I have no hours I can put towards an apprenticeship to get licenses.

Propertys
stocks

whats the third leg?

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my dick

>I don't plan on owning property for a while.
m8, if you are trying to be full on NEET landed gentry, you need to start your real estate game right now. learn how to be a landlord, learn how to manage a piece of property. how to manage multiple pieces of property or how to manage someone who manages your properties.

> I also don't want my money to just be idle in stocks.

so when you go into the bank to get a mortgage for your second property or even say, a small business, you are going to need to show a ton of liquidity and banks don't take shitcoins, so its either stock or cash. i'd choose stock.

is it 2-3k euro per year?

>banks don't take shitcoins
kek

from the ages of 18-21 I was an on/off neet. Everyone around me was getting degrees and living life. I unironically was left behind and forgotten. NEETdom isn't something I want. I want a family and kids and a house one day. I just know that working 12 hours a day forever isn't going to fare well. I want to earn more instead of be able to do less.

>drywall helper
>140k
c'mon now

two years. Lots of hours.

fungible goods. merchandise. in corporate terms, inventory.

>23 years old with 140k canadian dollars saved up
uniroinically kys or buy chainlink

I own a small stack of link but why do you want me to KMS?

Uni is cheap in Canada ya retard.

You don't need much time to learn crypto. You just need to buy and hold it. It should perform well during the coming economic downturn.

I'd put some cash into crypto now and also learn about stocks. Keep squirreling away money until there's a nice opportunity in stocks.

If you're doing trades, I imagine you're making and saving more than most people your age. You could potentially retire early at that rate.

Notable unis worth going to for C.S jack their prices up for Computer Science and Software Engineerimg degrees. It's cheaper than the U.S for sure but my canadian dollarydoos are going to get fucked in the dick.

I need to get out of Canada man. The taxes here make wagecucking not worth it. Definitley going to get deeper into crypto, but as for continuing in the trades, it feels like a dead end, I'm not wanting to retire early, I want to be able to do something that doesn't make me want to retire.

buy BTC and take some time. Just hold it until you come back from whatever you plan to do

I want to end you for bringing leafs over here.
Is the country not fucking neosocialist/nostalgicommie enough?
well the major cities are getting more westernized so if you feel homesick and need to see some weird looking people those got you covered.

Go all in on BSV. Get about 500 BSV

Sell 250 when it go to 450-550 cash out money and hold the 250 BSV till its 20k or more

Listen here faggot. You just need to do this for 8 years and reinvest everything including dividends constantly. In 8 years time you'll easily have over 1million in the stock market and can live off dividends easily. Stop being such a bitch.

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ngl i considered it, but cant speak the language and will never be one of the natives

Time is your friend in this FIRE stuff , starting early is most important, start now.

You boomers don't get it. I'm not interested in living off of 30k a year without working. I want to work. But I want to do something that will set me up to net me more in the long term, and that I find interesting.

Canadian here, I took a technical diploma and make 110 k a year with indexed pension and full benefits. I have engineers who spent 5 years doing the same job as me.

I want to increase my ability to earn. I will work until I am dead.

Buy a few BTC you dunce

Ok, I will.

dont get a degree. i have masters in cs. teach yourself and make portfolios if you want to code. what you should do is keep waging and putting everything into bitcoin for the next few years

user.. I agree with the sentiment that BTC will go up in value over the next couple years, but should you really go all in? Also, why do you suggest self teaching and portfolio building over a degree?

Dollars will soon be irrelevant

Don't be left holding them when XRP is the new global reserve

We're similar. I'm in Ontario, Canada (living near the Square One area). 27 and I have $120k.

I'm doing an accounting job and just trying to save, save, save. Difference is I have a housewife or else my savings would be even higher (but whatever, totally worth it).

I know you're not amenable to property, but that's definitely my plan. Make a down payment on a condo in this area and rent it out with Air BNB.

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get a nice stack of btc and link and keep doing trades in the meantime so you're not scared of the crypto volatility, in 2-3 years you won't even have to worry about having a job if everything goes well

I think the fact you have a wife and are all settled down is why property is good for you. For me personally I'm >tfw no gf and I don't want to be stuck in Canada waging and getting buttfucked by liberals.

>I don't want to be stuck in Canada waging and getting buttfucked by liberals.
This sentiment I'll always share. Fuck Trudeau and fuck the whole lot of leeching cretin and sycophants we have in our government and country. If I knew Polish, my wife has a $100k apartment in Poland we could just live in and I could do an accounting job there.

>do something that doesn't make me want to retire.
Spot on. Was thinking the same yesterday. If you're in a career where you have to think about retirement, you're probably in the wrong career.

You have enoug capitall. Are you interested in trading stocks/crypto for a living?

I am interested in trading for a living somewhat but, I'd rather have a marketable set of skills that I can use to be a consultant or contractor of sorts. Does daytrading have to require the full time commitment?

I would put 80% in bitcoin because cryptos is in bull run.

Save 20k for the next step.

If you like CS and programming, take a bootcamp and build your javascript skills and portfolio. Work your ass off and be better than your peers you will get a job. Pick anyjob for your first job because the first one will be the hardest.

Don't waste time in a 4 year university degree.

Just stick to a skillset then.

>Make a down payment on a condo in this area and rent it out with Air BNB
>thinking people will willingly tourism in Ontario
Even if people are dumb enough to tour in this shithole there are only a few tourist months a year. AirBnb in Ontario is shit.
t. leaf boomer millionaire

I'm torn between the strength of a degree and networking (and rounded knowledge) that a university offers versus the possibility that all this might be possible without paying for the degree if you plan correctly and build a *very* strong portfolio as well as market yourself well.

1. Throw your money into Fundrise (google it) either dividends or appreciation accounts depending if you want the cash flow
2. Learn to use seekingalpha and buy dividend stocks - home Heath, hospice, and personal care stocks are super hot rn with literally every baby boomer turning 65 and will be 75-80 for the next 10-15 years aka huge money going to home health hospice and personal care
3. Learn how to fix electronics - as stupid as that sounds I’ve made thousands a month fixing iPhones I’d buy on Facebook marketplace because the screen was broken or something minor and resell online through swaps
4. Learn digital marketing and convince 2-3 mom and pop shops to let you do their social media for $200-$500 a month each - then hire some college shithead that wants something on their resume to do it and pay them much less and boom passive income
5. Buy a bitcoin and just see what happens who tf knows at this point and for you it’s only 8-10% of your total portfolio
6. Buy ATMs and place them in local businesses and collect on the fees. I have friends that average about $500 a month doing this with just a couple ATMs in nail salons barbershops small businesses and bars etc

Fuck dude hope this all helps

This is good shit dude. I'll look into this. Thanks.

I'm doing it on the advice of/in partnership with another boomer who used to rent out conventionally and is making 1.3-1.4x the baseline rental income after having switched to Airbnb.

Some really good advice here. Curiously, what's your age and net worth?

We're literally on the start of a new crypto cycle and people are posting some dumb high maintenance and low return investments on fucking Jow Forums of all places lmao.
Go 50% BTC 50% alts and be multimillionare in a couple of years.

Not sure how to reply to specific comments on here because I’m a normie POS but I’m 23 with -$20k network lmao I have a degree in Finance from a top 5 business school in the US and do IB for a boutique in the southern US and can’t wait to make decent cash to pay off my debt (student loans of $60k) and actually do this shit I’m telling you all to do. I obsess over it which I guess is why I have a fucking list lmao

Alright, fine. I'll put half of my networth into crypto. I'll use the other half to upgrade myself while I'm living in Romania.

>Alright, fine. I'll put half of my networth into crypto
This board is full of shills. Tell me one simple thing: what can you buy with crypto? There's no use for it.

Lol

I was just meming, but there is definitley money to be made in Crypto.

>140k canadian dollars
Treat yourself to a Big Mac bro, don't get the super size though, don't want to spend it all in one place.

good luck man. You have a solid path for the rest of your life. Congrats.

For me, it's the McChicken

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Thanks dude. But to answer OP’s original question - read “Dividend Sensei”’s work on seekingalpha. Especially how he plans to profit during the next recession. A lot of valuable points. If you’re lucky, this $100k USD will be worth $250k USD when you’re 30, OP. Fuck crypto. Buy shit that has historically increased investor’s wealth. Yes I have crypto but I have a lot more in a 401k and IRAs

that's a terrible sandwhich

I'm concerned with the fact that although the 100k might grow to 250k, it'll probably have less purchasing power than 250k by then, and I'll have tied up a lot of my capital.

>he doesn't know the meme

purchasing power decreases by less than 4% annually
even traditional investments like S&P500 return 10%

Purchasing power is the LEAST of your worries my guy. Let’s worry about getting $250k first before we worry about hyper inflation

basically was in the same boat in 2017... been doing sweet fuck all for the last 2+ years, just bleeding money.

It gets boring as fuck after awhile, having nothing to do, no fixed schedule. Life is what you make of it, and in my case that's not very much. It's hard to find motivation when you aren't in a position of necessity. I'm most productive when I have a fire under my ass, when I know that if I don't take action, I'll be in serious trouble and pain, but when that motivation is removed because you have a certain threshold of cash in the bank, well I don't know what to do with myself.

I'm a bit older than you though. At 23 I'd consider university for fun, study something you actually have a great personal interest in. Also realize that ~$140k CAD won't last forever, even at barebones expenses, living alone in a 1 bedroom apartment, you're going to bleed at least ~$18-20k+/year and that's if you just sit at home all day, cook your own meals, and don't splurge on any luxury items, so you do need to plan on earning future income.

I wouldn't do the Thailand thing other than maybe for a 1-3 month trip for fun, but $140k isn't "fuck you" money and unless you have passive/remote income you can earn while in Thailand you'll probably reach a point in the future where you're running low on cash and become desperate.

This guy's advice is good. I have a friend earning ~6-7% on a $700k investment and he's only 34 years old. Making like ~$45k/year in dividends and he just continues to re-invest it. If you really do have the whole "move to Thailand for the rest of your life" mentality, looking at setting something like this up where you get a consistent 5-7% that can cover your annual expenses is the way to do it. It's quite safe/secure barring a global recession.

Agreed with the others. Genuinely good advice.

Residential renting is a joke in general in Ontario. Can't even raise the price enough on a yearly basis to make up for the increase in property value. Best thing is to get a commercial license to rent it out to some dumb tech startup with Angel money on a yearly basis.

stocks are pretty liquid, you can sell and settle funds in 3-4 days. thats not "tied up". besides, you never sell your stock if you need capital, you leverage a loan against your portfolio. man, i bet you don't even funnel all your expenses through a credit card.

Trust me, I know what it's like to be a NEET, the Thailand thing was just so I could save more money on living expenses. What I'm trying to do is be able to earn remote income from abroad so I can maneuver around taxes. I'm not much of a degenerate anymore, all I do is work and read nowadays. I'll consider the long term safe bet.

Nothing wrong with passive income.

Shit if I were you I would buy a rental property. Rent one side, live in one side. You would probably be able to live only having to generate $500/mo to survive ez since it would be paid off. Your life would be ez pz cake and you always have the option of selling if you plan to do something with the money. You could work part time min wage and survive easily. Wealth = how long you can survive without working, and without cash producing assets, you technically aren’t wealthy. you may be “rich”, but not wealthy without passive income

don't listen to this fuckin guy

get a math/EE/cs degree and put at least 70k in link

>All these boomers telling people to invest in stocks, ETFs, bonds etc. at all time highs and when the crypto market has entered the start of it's next GBR
No wonder there are so many pink wojaks on this board

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I want to get into CS and begin developing projects. But I'm starting to find myself leaning towards the self learn/portfolio building path. I'm not entirely sold that networking is impossible outside of Universities and that you can't develop just as good of a well rounded knowledge either.

what is your goal?
if you just want to make stuff then uni is absolutely unnecessary just go through tutorials and do your thing

if you'd like to have well-rounded knowledge in cs itself (i.e. networks, computer architecture, etc), then plough through teachyourselfcs.com over couple years

Honestly, I want both. And every day it seems more and more like its very possible without University, the only arguments I can muster for a degree is that you have an easier time networking to find work and you have the degree as proof of your knowledge, also the university makes the acquisition of the knowledge easier by organizing it, as well as being exposed to professionals. Other than that, University is a huge opportunity cost, monetary cost, and time cost.